Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



BG sells stake in Chilean LNG terminal to Enagás

09.06.2013  | 

BG Group completed the sale of a second and final stake in the Quintero LNG regasification terminal in Chile to Terminal de Va lparaiso, a company majority owned by Spain's Enagás, for $176 million.

Keywords:

BG Group on Friday completed the previously-announced sale of a second and final 20% equity interest in the Quintero LNG regasification terminal in Chile to Terminal de Va lparaiso, a company majority owned by Enagás S.A. of Spain, for $176 million.

An agreement to sell BG Group’s entire 40% interest in Quintero LNG to Enagás was announced in April 2012, with the transfer of an initial 20% stake completed in September 2012.

The sale of the two equity stakes, part of what BG Group says is an approach to active portfolio management, raised a combined $352 million.

The sale applies only to BG Group’s shareholding in GNLQ, the owner and operator of the 2.5 million-tpy capacity regasification terminal in Quintero, Chile.

The agreements do not impact BG's long-term contracts to supply LNG to the Chilean market, according to the company.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?


59%

11%

31%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.